As U.S. malls face store closures and declining foot traffic, many are being repurposed into housing. At least 192 malls planned to integrate residential units by January 2022, with projects underway particularly in states like California, Colorado, Florida, Arizona, and Texas. This trend addresses the housing shortage and enhances access to remaining retail and dining options. CNBC explored housing developments at Flatiron Crossing Mall in Colorado and Arcade Mall in Rhode Island, showcasing the unique experience of living in a mall, the benefits of this transformation, and the accompanying challenges.
